The Manufacturers Life Insurance Company Purchases Shares of 1,519,457 Chevron Corporation $CVX

Key Points

• The Manufacturers Life Insurance Company acquired 1.52 million Chevron shares worth approximately $251.9 million, while institutional investors and hedge funds collectively own 72.42% of CVX.
• Chevron insiders sold 1.15 million shares valued at about $225.9 million over the past 90 days, including substantial sales by Director John B. Hess and CEO Michael K. Wirth.
• Chevron reported quarterly EPS of $6.06, exceeding estimates, and revenue of $67.2 billion, up 57.4% year over year. Analysts maintain a “Moderate Buy” consensus with a $207.48 price target, while the company’s annualized dividend yields 3.5%.

The Manufacturers Life Insurance Company purchased a new stake in Chevron Corporation (NYSE:CVX - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,519,457 shares of the oil and gas company's stock, valued at approximately $251,865,000. The Manufacturers Life Insurance Company owned about 0.08% of Chevron at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CVX. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Chevron in the 2nd quarter valued at approximately $3,166,000. Jones Financial Companies Lllp acquired a new stake in Chevron during the 2nd quarter valued at $16,597,000. Trajan Wealth LLC purchased a new position in Chevron during the second quarter worth $7,587,000. Van Hulzen Asset Management LLC purchased a new position in Chevron during the second quarter worth $4,149,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Chevron in the second quarter worth $264,000. 72.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Chevron

In related news, Director John B. Hess sold 710,665 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the sale, the director directly owned 363,711 shares of the company's stock, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael K. Wirth sold 317,100 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares of the company's stock, valued at approximately $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CVX. Sanford C. Bernstein upped their price objective on Chevron from $204.00 to $209.00 and gave the company a "market perform" rating in a research report on Monday, August 3rd. Zacks Research downgraded shares of Chevron from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 8th. Jefferies Financial Group restated a "buy" rating and issued a $216.00 target price on shares of Chevron in a report on Friday, July 10th. Dbs Bank raised shares of Chevron to a "moderate buy" rating in a research note on Thursday, August 6th. Finally, Piper Sandler initiated coverage on shares of Chevron in a report on Thursday, July 23rd. They set an "overweight" rating and a $207.00 price target for the company. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.48.

Chevron Price Performance

CVX stock opened at $203.03 on Tuesday. The stock has a market capitalization of $401.14 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $214.71. The stock's fifty day simple moving average is $185.48 and its 200-day simple moving average is $188.35.

Chevron (NYSE:CVX - Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The business's quarterly revenue was up 57.4% compared to the same quarter last year. Equities research analysts expect that Chevron Corporation will post 16.17 EPS for the current year.

Chevron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. Chevron's dividend payout ratio is currently 68.26%.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Brent crude is holding near $94 a barrel amid pressure on Iran, marking a second consecutive weekly gain. Higher oil prices can improve Chevron’s upstream cash flow and earnings outlook. Chevron Rises as Iran Pressure Keeps Brent Near $94
• Positive Sentiment: Analysts continue to favor Chevron over some major-oil peers, citing stronger 2026 earnings growth, production momentum and greater exposure to Guyana. Chevron vs. Shell: Which Energy Major Offers a Better Bet?
• Positive Sentiment: Recent commentary highlights CVX as a long-term dividend and income candidate. Chevron and ExxonMobil both raised payouts again in 2026, although their decade-long dividend records differ in durability and yield. 3 Dividend Stocks to Buy and Hold for the Next Decade, Starting With Chevron
• Neutral Sentiment: Brokerages maintain a consensus “Moderate Buy” recommendation, and Zacks lists Chevron as a stock to watch because of earnings growth and price strength. Chevron Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: Chevron appointed Uriel “Ose” Oseguera as treasurer, replacing retiring executive Navin Mahajan. The change affects capital markets, finance and risk oversight but is not currently presented as a strategic shift. Why Is Chevron Naming a New Treasurer Worth Watching?
• Negative Sentiment: After CVX’s strong recent performance, modest profit-taking may be weighing on the stock even as higher crude prices remain supportive. Comparisons with ExxonMobil also emphasize that investors may be reassessing dividend-growth quality rather than adding aggressively at current levels. ExxonMobil vs. Chevron: Dividend Growth Comparison

Chevron Profile

Chevron Corporation NYSE: CVX is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron's core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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